China Motor Corporation

China Motor Corporation (CMC; Chinese: 中華汽車工業; pinyin: Zhōnghuá Qìchē Gōngyè) is an automobile manufacturer based in Taipei, Taiwan.

China Motor Corporation
中華汽車工業股份有限公司
Company typePublic
TWSE: 2204
IndustryAutomobile manufacturer
Founded13 June 1969; 55 years ago (13 June 1969)
Headquarters11F, No.2 Tun Hwa South Road Section 2, Taipei, Taiwan
Area served
Asia, Middle East, Africa, Caribbean, Central America
Key people
Vivian Shun-wen Wu (Former Honorary President)
Kenneth Yen (Chairman)
Chao-Wen Chen (President)
ProductsAutomobiles, recreational vehicles, light commercial vehicles, trucks
RevenueIncrease NT$ 55,669.4 million
Increase NT$ 5,397.8 million
Number of employees
3,407
ParentYulon Motor
Websitewww.china-motor.com.tw
China Motor Corporation
Chinese中華汽車工業
Transcriptions
Standard Mandarin
Hanyu PinyinZhōnghuá Qìchē Gōngyè
Hakka
RomanizationChûng-fà Hi-chhâ Kûng-ngia̍p
Southern Min
Hokkien POJTiong-hoa Khì-chhia Kang-gia̍p

History

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It was founded in June 1969, and signed a technology sharing contract with Mitsubishi Motors the following year. On 12 December 1973 they opened their first manufacturing facility, in Yangmei. Initially vehicle production was at a rate of 300 vehicles per month, but thanks to rapid growth, and the development of an advanced painting facility, the factory produced its 100,000th vehicle in 1983.[1]

Originally they only produced commercial vehicles, but have since expanded operations, producing more than 100,000 vehicles per year. Currently they operate three manufacturing plants, two in Yangmei and one in Hsinchu.[1]

The company has been listed on the Taiwan Stock Exchange since March 1991. In 1993 it was awarded the National Quality Award of Taiwan and were ranked first place in J.D. Power Asia-Pacific's Sales Satisfaction Index in 2000 and 2001. They have also been awarded numerous accolades for exemplary working conditions in their manufacturing plants.[1] As of 2019, Yulon Motor Group is the largest shareholder at over 40%, and China Motor is considered part of the Yulon Motor Group. 13.97% of the company is owned by Mitsubishi.[2] All of CMC's models are of Mitsubishi origins, adjusted to appeal to the Taiwanese market.

Since 1995, CMC has invested in China's South East Motor Corporation. In 2005, the company was given approval from the Chinese government, and signed an agreement with DaimlerChrysler to produce minivans for the Chinese market. Since June 2007, CMC has participated in the Fujian Daimler joint venture.

Zhonghua Automobile electric two-wheeler dealership sign

In June 2010, CMC's Electric Motorcycle "e-moving electric two-wheeled vehicle" was launched.

In September 2012, CMC obtained the consent of Mitsubishi Motors, Officially exported Lancer Fortis with independently designed appearance to the Middle East Gulf Cooperation Council (GCC) countries.

On 30 October 2013, CMC independently developed "Xinda".[3]

In 2013, eMoving launched the first electric bicycle Bobe.

In September 2015, CMC independently remodeled and launched the Zinger multi-functional commercial vehicle. In addition to the self-developed appearance of the car body, the engine and gearbox were also upgraded.

On 6 April 2017, CMC once again independently launched a major facelift of its new-generation mid-sized RV Grand Lancer.

In July 2017, the electric bicycle "EM 25 Shine" was announced.

In May 2019, the company released its corporate vision and new third-generation corporate identity to celebrate the company's 50th anniversary.

In August 2021, the light electric scooter eMOVING-EZ1 was released, which is the company's first electric scooter to adopt the Gogoro Network smart battery swap system.

In July 2022, the MG brand medium-sized SUV MG HS from China's SAIC Motor was introduced,[4] the 3.5-ton small truck "Jianbing" was released in October of the same year.

Products

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Current

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CMC brand vehicles

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Mitsubishi brand vehicles

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MG brand vehicles

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Former

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CMC brand vehicles

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Mitsubishi brand vehicles

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See also

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References

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  1. ^ a b c "About CMC" China Motor Co. website Archived 9 January 2007 at the Wayback Machine
  2. ^ "MMC and CMC of Taiwan sign MOU on future joint business in Mainland China". Press Release. Tokyo: Mitsubishi Motors Corporation. 2004-12-28. Archived from the original on 2006-05-28.
  3. ^ 陳信榮 (2013-10-31). "中華車自主品牌新達 上市". 工商時報. Archived from the original on 2019-05-03. Retrieved 2014-05-17.
  4. ^ "百年品牌MG登台 百萬有找中型休旅HS正式亮相". 發燒車訊. 2022-07-27. Archived from the original on 2022-08-02. Retrieved 2022-07-30.
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